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Safe & Green Holdings Corp. Announces Pricing of Approximately $8.0 Million Private Placement
Safe & GreenSafe & Green(US:SGBX) Newsfilterยท2025-04-14 12:00

Core Points - Safe & Green Holdings Corp. announced a Private Placement with expected gross proceeds of approximately $8.0 million [1][3] - The offering consists of 20,408,160 Common Units, which include shares of Common Stock and two types of Warrants with specific exercise prices [2] - The transaction is expected to close on or about April 14, 2025, subject to customary closing conditions [3] Offering Details - Each Common Unit consists of one share of Common Stock or one Pre-Funded Warrant, along with Series A and Series B Registered Common Warrants [2] - The public offering price per Common Unit is set at $0.392, while the Pre-Funded Unit price is $0.3919 [2] - The Series A Warrants have an initial exercise price of $0.784 and expire in 60 months, while the Series B Warrants have an exercise price of $0.98 and expire in 30 months [2] Use of Proceeds - The net proceeds from the offering will be used for working capital, general corporate purposes, and equipment for expansion [3] Legal and Advisory Information - D. Boral Capital is the Exclusive Placement Agent for the offering, with legal counsel provided by Sichenzia Ross Ference Carmel LLP and Lucosky Brookman LLP [4]